Goldman Sachs and Credit Suisse take stakes in Bank of Moscow

By Ivan Anderzhanov

Bulge bracket investment banks Goldman Sachs and Credit Suisse have acquired 3.88 percent and 2.77 percent stakes respectively in the Bank of Moscow, a top ten lender.

Goldman's stake in the state-controlled bank is worth about $200m and Credit Suisses's around $14m at the current market price.

The Moscow government has been the bank's core shareholder since it was established in 1995. It owns a 46.48 percent stake directly. The stake was recently cut after a share issue by 1.63 percentage points. The government also controls the bank via Capital Insurance Group, whose 17.11 percent stake was cut by 1.18 percentage points after the issue.

The bank's senior managers, President Andrei Borodin and Deputy Board Chairman Lev Alaluyev, have also cut their stakes by 2.75 percentage points to 20.32 percent.

By Ivan Anderzhanov Bulge bracket investment banks Goldman Sachs and Credit Suisse have acquired 3.88 percent and 2.77 percent stakes respectively in the Bank of Moscow, a top ten lender. Goldman's stake in the state-controlled bank is worth about $200m and Credit Suisses's around $14m at the current market price. The Moscow government has been the ...